Cost of living index in boston is 11 38 lower than in new york. According to a new study from apartment search engine nestpick that s the minimum annual salary needed to have your own apartment in boston.
But back to the boston quincy cambridge metro area.
How much money do you need to live in boston. Turns out the magic number for boston is a household income of 120 900. Unless you earn 78 477 per year that is. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place.
A single person estimated monthly costs are 1 152 49 without rent. Especially if food costs are. Family of four estimated monthly costs are 4 150 98 without rent using our estimator.
In boston ma the median rent for a 1 bedroom apartment is 1687 and for a 2 bedroom apartment is 2092. In order to comfortably afford that rent under smartasset s definition you d need to make a household. In general in the past year rental costs in boston have increased by approximately 1 9.
That means boston comes in at 659 and 928 above those rates respectively. Summary about cost of living in boston ma united states. In boston you can expect to pay an average of 2 821 per month for a two bedroom apartment.
New york manhattan. Regardless of where you decide to live you ll need to pay for utilities. The group estimates a family of two adults and two children in the boston quincy cambridge metro area would need to earn a combined 113 558.
That makes boston one of the pricier big american cities in which to live comfortably see chart below.